PF Group Holdings Limited (8221) AI Stock Analysis

• Market Cap: HK$49.98M
• Dividend Yield: N/A
• Average Volume (3M): 301.23K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -30.93%
• EPS Growth: -584.06%
• Country: HK
• Employees: 20
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): -0.11
• Shares Outstanding: 47,600,000
• 10 Day Avg. Volume: 38,820
• 30 Day Avg. Volume: 301,226
• PEG Ratio: <0.01
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 1.10
• P/FCF Ratio: -3.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$1.00 ▼(-13.04% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is primarily held back by weak financial performance, with losses, declining revenue, and negative operating/free cash flow outweighing the benefit of low leverage. Technicals are moderately supportive because price is above major moving averages, but momentum signals are mixed. Valuation is difficult to assess due to a negative P/E and no dividend yield data.

Positive Factors

High Gross Profit Margin

A gross profit margin of 73.99% indicates the core services or products generate substantial direct profit. This durable margin gives the company structural earnings leverage: if operating expenses are controlled or revenue stabilizes, the business can convert top-line back into sustainable profits over months.

Conservative Balance Sheet

A debt-to-equity ratio of 0.14 shows conservative leverage and a solid equity cushion. Over time this reduces financing pressure, preserves flexibility to invest or weather downturns, and lowers default risk — a lasting structural advantage for capital markets firms facing cycles.

Lean Operating Base

A headcount of 20 implies a capital-light, lean operating model that can limit fixed-cost burn and scale revenue without proportionate payroll increases. Structurally this lowers breakeven and gives management flexibility to reallocate resources or preserve cash while pursuing profitable growth.

Negative Factors

Declining Revenue

Revenue contraction of 17.64% erodes scale and undermines the firm's ability to leverage fixed costs and high gross margins. Persisting over months, lower top-line weakens pricing power, increases per-unit cost burdens, and makes returning to profitability materially harder without a durable revenue turnaround.

Weak Profitability

A net margin of -42.89% and negative operating margins show the business cannot convert revenue into operating or net profits. Persistent deep losses erode shareholder equity, limit reinvestment capacity, and increase reliance on external funding unless structural cost reductions or revenue recovery occur.

Poor Cash Generation

Negative operating and free cash flow with FCF plunging 71.69% signals deteriorating cash conversion. Over a multi-month horizon this reduces liquidity, forces reliance on external financing or asset sales, and constrains client support and investment — threatening operational continuity if not remedied.

PF Group Holdings Limited Business Overview & Revenue Model

Company Description

Gaoyu Finance Group Ltd. is an investment company, which engages in the provision of security services. It focuses on providing securities dealing and brokerage services, placing and underwriting services, financing services including securities and initial public offering, margin financing, and asset management services. The company was founded in August 3, 2015 and is headquartered in Hong Kong.

How the Company Makes Money

PF Group Holdings Limited Financial Statement Overview

Summary

Weak fundamentals driven by declining revenue (-17.64%), a deeply negative net margin (-42.89%), and negative EBIT/EBITDA margins. Cash generation is also poor with negative operating and free cash flow and sharply negative FCF growth (-71.69%). The main offset is a relatively conservative balance sheet with low leverage (debt-to-equity 0.14), though negative ROE (-8.90%) underscores profitability pressure.

Income Statement

PF Group Holdings Limited has experienced a decline in revenue over the past year, with a negative revenue growth rate of -17.64%. The company has struggled with profitability, as evidenced by a negative net profit margin of -42.89% and negative EBIT and EBITDA margins. Despite a strong gross profit margin of 73.99%, the overall income statement reflects challenges in converting revenue into net income.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.14, indicating conservative leverage. However, the return on equity is negative at -8.90%, reflecting challenges in generating returns for shareholders. The equity ratio is strong, suggesting a solid capital structure, but the negative ROE highlights profitability issues.

Cash Flow

The cash flow statement reveals significant challenges, with negative operating cash flow and free cash flow. The free cash flow growth rate is sharply negative at -71.69%, indicating deteriorating cash generation capabilities. The operating cash flow to net income ratio is also negative, suggesting inefficiencies in converting income into cash.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	30.09M	23.59M	13.76M	7.44M	16.45M
Gross Profit	22.27M	16.30M	6.07M	-476.00K	-2.37M
EBITDA	-6.05M	12.98M	-6.27M	-19.81M	-10.95M
Net Income	-12.91M	8.89M	-9.51M	-24.79M	-16.06M
Balance Sheet
Total Assets	246.68M	229.29M	197.16M	199.47M	226.87M
Cash, Cash Equivalents and Short-Term Investments	31.80M	24.00M	44.58M	96.34M	117.44M
Total Debt	20.86M	7.14M	2.97M	5.53M	1.22M
Total Liabilities	100.71M	75.40M	53.35M	46.13M	48.75M
Stockholders Equity	145.09M	152.71M	143.82M	153.33M	178.13M
Cash Flow
Free Cash Flow	-9.26M	-41.79M	-60.93M	-17.80M	58.29M
Operating Cash Flow	-9.23M	-41.76M	-60.88M	-14.08M	58.94M
Investing Cash Flow	431.00K	798.00K	-7.79M	-2.18M	4.35M
Financing Cash Flow	25.71M	14.50M	8.94M	-3.29M	-54.85M

PF Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8221, the sentiment is Negative. The current price of 1.15 is above the 20-day moving average (MA) of 1.10, above the 50-day MA of 1.12, and above the 200-day MA of 1.08, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.06 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8221.

PF Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8210	59 Neutral	HK$53.04M	-1.17	-12.48%	―	-26.76%	-1511.11%
8365	54 Neutral	HK$484.95M	-3.93	-37.64%	―	-16.56%	-769.12%
8333	52 Neutral	HK$36.48M	77.85	1.81%	―	30.59%	―
8221	51 Neutral	HK$49.98M	-2.32	-5.53%	―	-30.93%	-584.06%
8340	48 Neutral	HK$38.00M	1.41	7.68%	―	94.66%	―
8072	47 Neutral	HK$80.28M	-1.34	-18.97%	―	5.03%	70.32%